Copper short squeeze in NY prompts rush to send metal to US
Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in other regions to US shores.
-
-
Visit: 29
US blames China’s CMOC for predatory tactics behind cobalt glut
China’s CMOC Group Ltd. is being accused by a top US official of using “predatory” tactics to depress prices of a key battery metal by flooding the market with cobalt from Democratic Republic of Congo mines.
-
-
Visit: 34
Indigenous group to take fight against Arizona copper mine to Supreme Court
A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the US Supreme Court, after a federal appeals court refused to reconsider whether the US government may have improperly transferred land to the developer.
-
-
Visit: 27
Cochilco sees considerable increase in Chile’s copper price forecast
The state-run Chilean Copper Commission (Cochilco) will soon revise its copper price outlook, which will be considerably higher than the previous forecast, the body’s technical head said on Tuesday.
-
-
Visit: 40
Codelco working to meet Q2 production goal
Chilean mining giant Codelco is still working to meet its estimated output for the second quarter, CEO Ruben Alvarado told Reuters, as the state-run copper miner is pushing to boost production up from its lowest in 25 years.
-
-
Visit: 31
Glencore seeks Australian carbon capture approval amid farmer protests
Australia’s Queensland state will decide this month whether to give Glencore a key approval to bury liquefied carbon dioxide in the country’s largest aquifer, a plan farm groups say must be blocked because it risks poisoning water supplies.
-
-
Visit: 40
Chile truckers protest rising crime in threat to mine transport
Truck drivers in Chile staged protests Monday in the mineral-rich north of the country and around the capital Santiago, demanding greater safety amid an up-tick in violent crime.
-
-
Visit: 20
Philippines eyes boost to nickel processing capacity
The Philippines said on Friday it aimed to add three more processing plants in the effort to develop a downstream industry for its abundant nickel resources, after nations such as China and the United States expressed interest in the mining sector.
-
-
Visit: 46
Copper price above $10,000 as supply worries counter faltering demand
Copper climbed above $10,000 a ton as predictions for tighter global supplies and rising consumption in electric vehicles and power grids countered signs of demand destruction in top user China.
-
-
Visit: 47
Iron ore price hits more than 2-week low on rising inventory
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports and caution about demand outlook, but property support measures in China lent some support.
-
-
Visit: 48
Anglo American’s South Africa investors open to improved BHP bid
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an additional cash component to the bid, the Financial Times reported on Thursday.
-
-
Visit: 41
Savannah could request compulsory land acquisitions for Portuguese lithium project
London-based Savannah Resources will if necessary ask Portugal’s government to authorize compulsory land acquisitions for its planned lithium mines in the country’s north, CEO Emanuel Proenca said, adding that it prefers “friendly deals”.
-
-
Visit: 21
Nutrien beats quarterly profit estimates on robust North America demand
Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower inventory.
-
-
Visit: 39
India considers incentives for lithium processing
India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New Delhi tries to develop its nascent lithium mining and boost supplies of the EV battery metal, three government sources said.
-
-
Visit: 19
Panama president-elect rules out First Quantum talks until arbitration dropped
Panama’s president-elect has ruled out talks with Canadian miner First Quantum Minerals until it drops multiple arbitration proceedings it has launched seeking billions of dollars in compensation from the government over a mine shutdown order.
-
-
Visit: 24
Anglo American’s South Africa investors open to improved BHP bid
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an additional cash component to the bid, the Financial Times reported on Thursday.
-
-
Visit: 21
Savannah could request compulsory land acquisitions for Portuguese lithium project
London-based Savannah Resources will if necessary ask Portugal’s government to authorize compulsory land acquisitions for its planned lithium mines in the country’s north, CEO Emanuel Proenca said, adding that it prefers “friendly deals”.
-
-
Visit: 19
Montage Gold receives environmental OK for Koné project
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals for the development of its Koné project in Côte d’Ivoire.
-
-
Visit: 38
Nutrien beats quarterly profit estimates on robust North America demand
Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower inventory.
-
-
Visit: 16
Botswana vows to protect interests in potential BHP-Anglo deal
Botswana President Mokgweetsi Masisi vowed to protect the country’s interests, including its 15% stake in diamond giant De Beers, should BHP Group Ltd. acquire Anglo American Plc.
-
-
Visit: 18
Lower energy prices help Aurubis’ first-half profit
Europe’s largest copper producer Aurubis AG reported first-half core profit above expectations on Wednesday, helped by lower electricity and gas prices.
-
-
Visit: 44
Equinor buys 45% stake in two US lithium projects
Equinor on Wednesday said it has entered an agreement with Standard Lithium to acquire a 45% stake in lithium projects located in Southwest Arkansas and East Texas.
-
-
Visit: 38
Copper price touches $10,000 again as Goldman sees ‘stockout’ risk
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.
-
-
Visit: 52
China’s central bank adds more gold to its reserves in April
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, extending the period of consecutive purchases to 18 months despite high gold prices.
-
-
Visit: 51
Gold price advances as investors weigh mixed signals on US economy
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the Federal Reserve fights inflation.
-
-
Visit: 50